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47 7th Avenue

Andrew Hoffman Leases Retail Space To Juice Eternity Represented By Noam Aziz In Manhattan
LEASEDRetail

Andrew Hoffman Leases Retail Space To Juice Eternity Represented By Noam Aziz In Manhattan

47 7th Avenue

$186

$186/SF

Building Size

450 SF

Asset Type

Retail

Closing

Nov 7, 2024

AI

The asset involved in this lease transaction is a retail space located at 47 Seventh Avenue in the Manhattan market. The asking rent for the property is set at $210 per square foot, with a total area of 450 square feet. The lease type is a Modified Gross Lease.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $210/ft
  • Address: 47 Seventh Avenue
  • Market: Manhattan
  • Landlord: Andrew Hoffman
  • Tenant: Juice Eternity & Harry Singh
  • Tenant's Representative: Noam Aziz - Meridian Capital Group
  • Square Footage: 450
  • Lease Type: Modified Gross Lease

The key individuals involved in the transaction include Andrew Hoffman as the landlord and the tenant duo of Juice Eternity and Harry Singh. The representation for the tenant in this deal is provided by Noam Aziz from Meridian Capital Group.

Players

Cooper Katz

ABS Partners Real Estate

Broker

$4.3M

vol

13 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

85284.95%

Cash-on-Cash

-24374.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93